Market took a dive into the water at the open and then swam back to the surface to bake under the sun.
Now, if price can close above the 5 and 15 MA tomorrow, then we will have a bona-fide bounce. In all likelihood, the 5 MA will now turn back up after touching the 15 MA line.
My port followed the market to the teeth. Early morning my port was underwater with $LRAD, $HYGS, $ORBC swallowing gulp of water. Later on, both $LRAD and $HYGS swam back up nicely with $ORBC still down.
Meanwhile $DMRC finally pull its weight after such a long time trekking down the hill. It actually saved the day by being up 7.9% for the day.
Could it be the bottom now? Who know. I’m still fully committed to $DMRC’s Digimarc barcode technology. I truly believe it will see its day in the worldwide platform; the same way I’ve been holding $LRAD all these years believing its technology will finally be recognized.
$HYGS also bounced off the 79 MA line and ended with a green bar.
There is a good chance the bounce will continue due to the magical quality of the 79 & 89 MA lines.
$AMRN continued to struggle to stay above $2.
The battle raged on but was really pointless ’cause the real catalyst is essentially the FDA decision.
Thanks to $DMRC stellar performance to save the day, my port gained back 1.5% with YTD gain at 12.4%.
LRAD, HYGS, DMRC, ORBC, AMRN (100% invested/speculated).
From my other account:
I bought back $CLDX in the morning due to its ability to hold positive while most other stocks were taking a beating. It was a good decision since price closed higher than I bought.
Still holding $FITX and $LRAD. I also bought $AMRN $2 Jan 2013 call options awhile ago which I’d forgotten to mention before.
My 2 cents.
Categories: Daily trading Journal